Westlaw Journals weekly round-up

November 25, 2015

Westlaw Journals Weekly RoundupHappy Thanksgiving! This week some highlights from the Westlaw Journal blog include stories about the Lakers, Goldman Sachs and home-sharing site HomeAway Inc.:

Goldman Sachs asks New York federal judge to toss class action tied to CDO: Goldman Sachs Group is asking for summary judgment in a class action accusing the investment bank of misleading investors over its conflict-of-interest policies and collateralized debt obligation deals. In its Nov. 6 memorandum supporting summary judgment filed in the U.S. District Court for the Southern District of New York, Goldman says the suit fails to allege it knowingly defrauded investors by putting its clients’ interests over those of its shareholders. (Derivatives)

Lone Mississippi helicopter crash survivor can’t sue Georgia company, judge says: A Mississippi federal court has no jurisdiction over a Georgia helicopter leasing company whose aircraft ended up crashing in Mississippi’s De Soto National Forest, injuring one passenger and killing another and the pilot as they conducted a prescribed burn. The lone survivor, Brendan Mullen, argued Georgia-based HLW Aviation LLC should have reasonably known that its leased helicopter, which allegedly malfunctioned, would be used in Mississippi for U.S. Forest Service operations, including prescribed burns. On Nov. 4, Chief U.S. District Judge Louis Guirola Jr. of the Southern District of Mississippi disagreed. (Aviation)

Lakers tell 9th Circuit insurer had duty to cover texting class action: The Los Angeles Lakers have asked a federal appeals court to reinstate the NBA team’s complaint alleging Federal Insurance Co. acted in bad faith by refusing to cover the organization’s settlement of a class-action lawsuit accusing it of sending spam text messages. In its Nov. 2 opening brief filed with the 9th U.S. Circuit Court of Appeals, the team says U.S. District Judge Dolly M. Gee of the Central District of California incorrectly ruled the insurer had no duty to cover any portion of the settlement with Lakers fan David Emanuel based on an invasion-of-privacy exclusion in its insurance policy. (Insurance Coverage)

Home-sharing site, payment processor hit with data breach suit: A site where homeowners can list short-term rental properties and its payment processor allowed hackers to access users’ bank accounts and other personal information in breach of their security promises, according to a proposed class action filed in California federal court. HomeAway Inc. and payment processor YapStone Inc., doing business as VacationRentPayment, failed to reasonably safeguard users’ sensitive information, leaving it vulnerable to hackers from about July 2014 through August 2015, site user Christopher Bonnema says in his suit filed in the U.S. District Court for the Northern District of California on Nov. 2. (Computer & Internet)